CHARACTERISTICS OF BUBBLE CRAZINESS:
S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone! Read Mystery Markets, Bubbles, and Less Risky Gold.
Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher.
Bonds yield little, and in many European countries, less than zero. Central banks have created this distortion to the detriment of savers, insurance companies and pension funds.
Real estate: Some locations, such as New ZeWednesday, December 13, 2017

The debate continues between the SRSrocco Report and CPM Group’s Jeff Christian on the fundamentals of the silver market. After my article, in which I questioned the CPM Group’s exclusion of silver investment demand from their supply and demand analysis, Jeff Christian responded with a comment on my website. I am glad that Mr. Christian responded because it now allows me the opportunity to explain in more detail why I disagree with the CPM Group’s analysis.As I have mentioned before, this has Tuesday, December 12, 2017

SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow's key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East.
Edging back towards $1241 per ounce today, the price of gold bullion for immediate delivery has now halved the 16% gains for 2017 reached at early September's 12-month peak.
Tuesday, December 12, 2017

And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept! Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how this works? Or what its relationship is to the real world?
I confess, my understanding of it is incomplete and schematic at best — in the way that my understanding of a Las Vegas magic act might be. All the flash and dazzle conceals theTuesday, December 12, 2017

In her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to be quite low by historical standards. From this, she concluded that the federal funds rate would not have to increase much to reach a neutral stance.The neutral rate currently appears to be quite low by historical standards, implying that the federal funds rate would not have to rise much further to get to a neutral policy stance. If the neutral level rises sTuesday, December 12, 2017

Bitcoin is making quite a name for itself. Once understood as a niche financial product intended to facilitate peer to peer (P2P) transactions, Bitcoin has skyrocketed more than 1,000% to become one of the most valuable and coveted commodities on earth. As a result, Bitcoin is attracting attention from mainstream financial institutions including Goldman Sachs, CMO Group Inc., and Cboe Inc. Last week, Cboe announced that it would begin trading Bitcoin futures on December 10th, which promptedCNBC Tuesday, December 12, 2017

A meme we have seen in the bitcoin community seems to be gaining traction. Bitcoin is deflationary. That is prices of things, measured in bitcoin, are falling. For example, in spring 2011, gasoline was Ƀ1.00. This week, that same gallon had fallen to Ƀ0.0001875. Gas has gone down by 99.98 percent!
We don’t think that even the diehard bitcoin bugs really believe this.
But it leads to an interesting point. In the past, we have used the analogy of measuring a steel meter stick with stretchy rubber Monday, December 11, 2017

The bitcoin price has rocketed roughly 1,500% higher in 2017 to around $19,000, before correcting to the current price at $15,000. The #2 cryptocurrency by market cap, Ethereum, is up more than 5,000% year to date and many of the altcoins that we track have enjoyed similar gains. Cryptocurrencies have been one of the best-performing asset classes of all time.
So, why have so many astute investors and otherwise intelligent people been completely wrong about bitcoin? Why do they profess to know itSunday, December 10, 2017

There is a Disinformation War taking place in the silver market as certain industry analysis is confusing individuals by purposely disregarding the tremendous impact of rising investment demand. Not only do I find this troubling, but I am also quite surprised how much the silver industry pays attention to this faulty analysis. So, it’s time once again to set the record straight.Setting the record straight has now become a new mission for me at the SRSrocco Report because the amount of disinforFriday, December 8, 2017

There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing Friday, December 8, 2017

Consider graphs of three markets from the past. These are well known and important markets, but the names, prices and time scales are not shown. They are plotted on linear scales. Note:
Structure: Each market moved progressively more vertical before crashing.
Bubble: Each market bubbled upward to an unsustainable level and collapsed.
Timing: Few predicted the dates or prices for these bubble tops, but many observed their bubble characteristics.
The Public: The charts show that each market movedFriday, December 8, 2017

What storm? The Dow Jones Industrial Average (DOW)
reached another all-time high. Interest rates in the U.S. are yielding
multi-decade lows, some say multi-century lows. Trillions of dollars in
global sovereign debt have negative yield and European junk bonds yield
less than 10 year U.S. treasuries. “Official” unemployment is low.
Borrowing is inexpensive. Things are good, so they say!
I Doubt It!
Do you believe the above is a fair and accurate representation of our economic world? If so, Thursday, December 7, 2017

– Value of Sterling and increased risks place pressure on pensioners both in UK and abroad
– 500,000 British expats face ‘frozen’ pensions
– 61% of UK Direct Benefit pension schemes have more money going out than coming in
– OECD report finds ‘UK workers face the biggest retirement cliff edge in developed world’
– Combined pension deficit of FTSE 350 companies is at 70% of their profits
– One in three wealth managers are holding cash for clients in anticipation of a market crash
Source: ProfessiWednesday, December 6, 2017

The bubble in sovereign bonds is looking dangerously close to popping.
And ironically, what could burst it is the very thing Central Banks have been pursuing aggressively for the last 9 years: inflation.
As I explain in my bestselling book The Everything Bubble, Treasury yields adjust to account for inflation. The relationship is not perfect as bonds are also priced based on economic activity. However, the fact remains, if the rate of inflation spikes, Treasury yields rise as well to account forTuesday, December 5, 2017

I sent this to Chris Powell, GATA, and he asked, what about the “convertibility”?
Apparently, Venezuelan President Madura is following China’s lead, but
instead of a subtle rollout over time as to not cause some kind of
market shake-up, he has decided that now is as good a time as any to
announce the creation of a new digital currency: the Petro, backed by
Venezuela’s gold, oil and diamond reserves.
Venezuela
is creating a digital currency to combat a financial blockade by the
United StaTuesday, December 5, 2017

Scientists are sounding the alarm about a volcano eruption in Antartica that could cause global health problems. The ash from this eruption could encircle the globe, affecting millions of people.
Deception Island, off the coast of the Antarctic Peninsula, is a hotbed of volcanic activity with at least 50 craters spread across the region. A recent study done in the area by scientists has found evidence that an eruption on the island could disrupt air traffic on continents in the Southern HemispheMonday, December 4, 2017

“Contact with Russians.” Grown men and women, doubling and re-doubling down on a political fantasy, repeat this prayer hour after hour on the cable channels and Web waves as if trying to exorcise a nation possessed by the unholy hosts of Hell. But such vicars of the news as Wolf Blitzer, Rachel Maddow, Chuck Todd, and Dean Baquet (of The New York Times) only shove the country closer to a cliff of constitutional crisis.
To a certain class of people — a class that includes a lot of Intellectuals-YMonday, December 4, 2017

A reader emailed us, to ask a few pointed questions.
Paraphrasing, they are:
Who cares if dollars are calculated in gold or gold is calculated in dollars? People care only if their purchasing power has grown.
What is the basis good for? Is it just mathematical play for gold theorists? How does knowing the basis help your readers? Is it just a theoretical explanation of what has already happened?
Prove that if someone has known the basis for the last four years, he has benefitted.
He also addedMonday, December 4, 2017

“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…”
So says GoldCore founder and self-confessed gold bug, Mark O’Byrne.
Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now…
But before we got to the nitty-gritty, I started by asking him a little about his background:
GLENN: How long have you been in the gold business, Mark?
MARK: Well, I founded GoldCore more than 14 years ago and it’s been my passSaturday, December 2, 2017

A VIX spiked today enabled a trader known as the "50 Cent Elephant" to escape his VIX bet with minimal losses.The VIX, a measure of S&P volatility usually drops when the market rises. Yesterday, despite a huge rally on news that the Senate had reached agreement on a tax bill, the VIX spiked.
Today, equities are down sharply and the VIX up sharply on news former national security adviser Michael Flynn would implicate members of President Donald Trump’s transition team in the probe into Russian meFriday, December 1, 2017